Black Women in Asset Management (BWAM), a non-profit organisation promoting the advancement of Black women working in the asset management industry, is delighted to announce Ares Management, BlackRock, Federated Hermes, Helios Investment Partners, J.P. Morgan Asset Management, M&G plc, Maniyar Capital, Morningstar, Inc. and State Street Global Advisors as new institutional members.
Black women remain vastly underrepresented at all levels within the investment industry. A 2019 report by the Investment Association showed that less than 1% of investment managers in the UK are Black. BWAM aims to drive positive change by providing Black women with tools needed to thrive, while also encouraging firms to create more inclusive environments. Formed in 2019, the organisation has quickly become a valuable community for investment professionals, lawyers, consultants, administrators, and other advisors in the asset management field. To date, BWAM has over 700 members.
BWAM Chair and Co-Founder, Jacqueline Taiwo, stated: “Our new institutional members represent over USD 17 trillion of AUM in the global asset management industry. We are thrilled to be able to partner with a wide cohort of investment firms to advance BWAM’s mission to connect and empower Black women working across the investment ecosystem. Their support will accelerate BWAM’s impact in 2022, allowing the organisation to bring in new resources, and offer more career development, networking and visibility opportunities for Black women in asset management. We also look forward to expanding our existing outreach initiatives to encourage more young Black women to pursue careers in investment.”
Read more: businesswire
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